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Updated Fins and revenue numbers from the Nigeria contracts would be a good start. Then 2025 projections for sales and revenue would be even better.
Without these, this isn't moving up much. Think shareholders and those on the sidelines aren't buying the recent news entirely yet.
Retail sellers, shorts, and big low bids are likely getting filled now. We need guidance on the contract deals and income from these.
Shipping 1 million products is great but at what cost per unit? $20, $30, $50 each? Sounds like pretty good news overall but we need to see the contract revenue reflected in financials too.
Pretty solid news today. Finally!
It would be great to know the actual contract revenue, but we'll have to see that in Q3 financials when they get published.
If they have 1,000,000 products to be shipped with contracts just for Nigeria alone for the flagship Vitastem tetracyline product and assume it retails at $100, while the new Ultra one retails at $149 - https://getvitastem.com/products/topical-antibiotic and they are giving a pretty big wholesale discount, these should be multi million dollar contracts.
1,000,000 units at $50 / unit = $50M
1,000,000 units at $40 / unit = $40M
1,000,000 units at $30 / unit = $30M
1,000,000 units at $20 / unit = $20M
I really doubt they'll be giving this away for next to nothing or pennies on the dollar, especially if it's the most potent topical antibiotic in the world with dozens of applications.
If the current contract value is lets say $20m and they average healthcare industry PE is 34 - see: https://worldperatio.com/sector/sp-500-healthcare/
Then this contract alone would give VDRM an mcap of $680m. Even at a lower PE of 15, the mcap is $300m.
The fair SP should be closer to 25 cents or higher based on PE and expectations of new contracts and reorders. IMO.
They can be shorting a ton but have not covered their positions yet. Or they'll let it move a little and buy up as much as possible to weak hands trying to get out now before the big moves up. This week and rest of the month will be telling. Look at the charts from 2021, it moved pretty big over 30 days or so.
MMs are likely shorting this down to cover with big low bids and then let it run. IMO
If VDRM clears lets say $15,000,000 in this order alone, we should be priced at 10 cents or more per share with a small PE. If similar sized orders are going out in November to Nigeria and more countries coming online in 2024, we may see 25 cents or more per share in 2025. IMO
The rest of this week and month will be telling. Hope they can give some guidance on the forecast revenue from these contracts.
It should be higher than $10 per unit. In the past, I believe Vitastem (the tetracycline version) was selling for $99.95 on Amazon or something close to that. Depending on the wholesale agreement with the Nigerian buyers, they might be getting it for 30-70% off the retail price and Viaderma is likely paying out sales commissions to distributors too (estimate 10-30%).
Example sales revenues from this one shipment if priced at $99.95 retail:
500,000 units at 30% off is $69.97 / unit = $34,985,000 in revenue
500,000 units at 40% off is $59.97 / unit = $29,985,000 in revenue
500,000 units at 50% off is $49.98 / unit = $24,990,000 in revenue
500,000 units at 60% off is $39.98 / unit = $19,990,000 in revenue
500,000 units at 70% off is $29.99 / unit = $14,995,000 in revenue
"In addition to this shipment, a follow-up delivery is expected in November 2024, ensuring that ViaDerma will be able to meet the growing demand for its product in Nigeria."
"As part of ViaDerma’s expansion strategy, CEO Dr. Christopher Otiko will be returning to Dubai later this month to finalize key initiatives with the Company’s partners in the region, with a focus on strengthening partnerships and expanding distribution throughout the Middle East."
Source: https://finance.yahoo.com/news/viaderma-announces-shipment-500-000-120000598.html
ViaDerma Finalizes Distribution Agreements in Dubai and Announces Six New Key Hires
Source: https://www.globenewswire.com/news-release/2024/08/01/2922704/33818/en/ViaDerma-Finalizes-Distribution-Agreements-in-Dubai-and-Announces-Six-New-Key-Hires.html
I'd assume this is the likely scenario: 500,000 units at 70% off is $29.99 / unit = $14,995,000 in revenue (including volume discounts and commissions to distributors)
It would be great to see some guidance on next shipment volumes for Nigeria and projected ones for the other nations too. It's been a long time coming but things are starting to finally look like they're on their way up here!
“We expect to make an announcement as early as next week with details of a large new international shipment of Vitastem.” - Dr. Otiko.
It's "next week" and nothing... Always fumbling.
In case you're wondering why Otiko has gone missing and we haven't heard a word from VDRM in months. He's on permanent vacation traveling around the world! Did a quick search and found his facebook profile. https://www.facebook.com/chris.otiko
Now it looks like he's slinging childrens books. A complete lack of disregard for the company and he has definitely broken his fiduciary duties to all the shareholders. This guy is unreal!
Did they ever even have any products in stock? We know Nupelo never existed and is just a website with an image of a product. They have frauded investors with years of BS and no results while only selling shares and no products. I wonder what the next excuses will be from IR will be, if they ever even communicate with anyone.
Bring on the lawsuits. This is absolutely criminal what Otiko has done here.
If they do, it'll be trading in trips and it will likely never recover. No one will stick around or bother touching this stock in the future. Otiko would kill the company entirely at that point. They need sales and having the strongest topical antibiotic in the world (in their words) should be selling everywhere, so why isn't it?
No PRs or social media updates in nearly 6 months now and IR won't answer anyones questions. Stinks more and more like a huge scam as each day passes.
Don't be so sure about that. Complaints are being filed and you should assume lawsuits are coming.
They used to communicate with shareholders. Now they don't and have not in several months. Reading through many of the posts on ihub it seems like no one has been able to get any information from the useless IR guy or Otiko either. Everything was looking good in 2023 and thought we were turning a corner with the company but it seems like many more Otiko lies again.
In fairness, Viaderma is at fault with all of this. NOT ONE of their PRs or social media updates have proved to be the least bit valid in the past several years.
Vitastem shipments overseas in March? It's a big ass nothing burger. Same with Nupelo, VA, HMO, Dubai deals, OTC up listing. And now for weeks there are no products available for sale on the website. No inventory? WTF is going on here. Especially with their misleading financial statements with so many discrepancies that they won't even answer about.
Otiko and Rich Inza are behind all of this. They've gone completely silent for months and are hiding from shareholders. It sure seems very fraudulent what they're doing or not doing for the company's shareholders and Otiko needs to be held accountable.
Here is a SEC complaint form https://help.sec.gov/s/investor-complaint
Safe to say Otiko is a con man. Still not one response from him or useless rich from IR either in many months now who probably quit working with them for all we know.
Talking with litigation attorneys this week. Enough is enough.
What email addresses did you use? Were they any of these below? Only ones found online so far.
drotiko@yahoo.com
chris@viaderma.com
ir@viaderma.com
info@viaderma.com
https://willtrustkengrace.com/contact-me/
KGrace@LashWilcoxandGrace.com
IMO it's coming soon. Agreed that Otiko needs to step down and terminate his ridiculous stock awards and compensation on his own in lieu of litigation which would likely cost him well over $100,000 just to fight it. He has done nothing in years to benefit the company or its shareholders. Always false PRs and a ton of dilution to follow.
Through some thorough public records and social media research it looks like Otiko now lives in Coronado, CA in a multi million dollar house a block from the beach and likes to fly on fly private jets for vacations around the world. Based on other responses on the boards, it looks like he may have been fired from Wound Pros too. If that's the case, they must have figured out he's a fraud and cut ties fast. Of course this is speculation, but without any actual answers from the useless PR guy, who should be fired immediately, or the company, that's all anyone here is left with today.
Still no word on the march vitastem deliveries overseas. Nothing about Nupelo in over a year. No new state licensing deals. No VA contract. No HMO contract. No OTC uplisting. No US distribution deals. No social media updates in over 4 months. No meaningful PRs. Nothing.
No inventory either! https://getvitastem.com/products/topical-antibiotic "Product is out of stock and orders are not being accepted until stock is replenished"
Last tweet on 2/1:
"$VDRM Update: The company has received licensing payments totaling $1.2M and will be updated into our financials accordingly. More updates to follow."$VDRM Update: The company has received licensing payments totaling $1.2M and will be updated into our financials accordingly. More updates to follow.
— ViaDerma (@viaderma) February 1, 2024
Looks like a major lawsuit by shareholders will be needed to get actual answers.
At this rate, the stock will be headed to trips if not zero. IR guy is totally useless and Otiko is probably hiding out somewhere in Nigeria. The SEC lawsuits cannot come soon enough. Still not one mention about shipping vitastem overseas, Nupelo updates, Dubai deal, VA or HMO deals, or anything actually going on there. Otiko needs to step down and bring in someone competent to run the show immediately.
Multiple SEC complaints and shareholder lawsuits will change that very quickly. There are numerous other OTC tickers who have and are currently under investigations. If they are frauding investors, they will get charged. They PR BS, dilute, and repeat. No sales seem to have been made overseas or any products shipped like they told shareholders it would be done in March. Nothing about Nupelo or Dubai or all the 50 states licensing deals which were supposed to be done by the end of last year. They cannot hide behind their BS or from angry shareholders any longer.
It's borderline criminal if not outright fraud. I'm sure a thorough SEC investigation will uncover everything. Time will tell but if the next PR is absolute BS again and all the persistent shareholder questions are not answered soon, then all hell will break loose on management. It's far past due for some real answers.
Not surprised. IR is absolutely useless and should be fired immediately.
Interesting find on Richard Inza here https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171315814
Their IR guy sucks and has proved to be totally useless to the company and shareholders. What is the point of employing Rich Inza for IR if he won't even answer the shareholders and is the guy putting out the PRs that seem very suspect.
They need to provide valid updates with proof about Nupelo, International sales and march delivery orders per tweets and PRs, Dubai, VA, HMO distributor, licensing in all 50 states. If not, then it's safe to say their PRs and tweets have been fraudulent and it is probably going to take a big lawsuit against the company to see what's really going on here. Start talking to your lawyer if you haven't already.
"Pending News / PR on the way" typically. But, doubt otiko has any serious news to share. No tweets in months and nothing from the IR guy. But who knows. Maybe there will be a surprise coming.
Hasta la vista, baby!
Agree with you fully on this one. Set up an X space or zoom call with otiko would be great since the pr guy is useless. Think these are the only emails that seem to get through to him that are in old PRs and on this board. drotiko@yahoo.com and chris@viaderma.com
CEO is either in it to win it or just needs to step down and bring in a pro CEO to run this thing. Enough is enough.
Sure sloppy. Show us ONE PR that has ever materialized. Just ONE.
Nupelo?
CBD pain relief product?
OTC Uplisting?
Dubai deal?
VA deal?
HMO deal?
Hospital deals?
Wholesale reseller deals?
Overseas shipments in March?
50 states licensing deals?
Any US sales?
Anything?
Bueller?
Not one to date has ever materialized. Don't hold your breathe sloppy.
They might still be paying for licensing the product, however everything with Viaderma is a big ass TBD. We'll only see in the filings which are almost always late.
$1 million on the books? Any inventory on the books? International sales on the books? New state licensing deals on the books? Anything new?
That's what needs to be addressed and fast!
I wouldn't call them smoke signals. Shareholders are genuinely concerned about their investments in this company and they really should be.
Now Otiko dilutes another 40 million shares. No reason given by him or the useless PR guy either. We're far past the point of being patient enough to see results or have any inclination to what they are actually doing with the business. Still no mentions about Nupelo, Dubai deal, or all of those overseas shipments in March that they PR'd and tweeted about. No inventory on their books either while Otiko gives himself $700,000 but now claims the company is in its best place financially? No one believes this BS. Where are all the sales for the strongest topical antibiotic in the world?
At this point, it will likely take a class action lawsuit or filing multiple SEC complaints to uncover what they are actually doing with an investigation and discovery.
email cotiko@thewoundpros.com and get this response.
Thank you for your email. Dr. Chris Otiko is no longer employed with Wound Pros. Your email will be directed to the appropriate Wound Pros department for prompt handling. If you need immediate assistance, please contact Dr. Bill Releford at DrBill@thewoundpros.com or Attorney Keith Greer at KGreer@thewoundpros.com.
What is going on here? Isn't he the cofounder? He most likely got fired or maybe, just maybe he's going to fully focus on growing Viaderma now. Doubtful that is the case but a very small chance this might be it.
$52 in trading volume today. No interest in this POS disaster.
They talked about being in 50 states over a year ago and to date, they're not even in half the US. Based on the filings, they have no new sales but more of the same BS PRs and no one at Viaderma will even answer shareholders for the most part.
Don't think so. It's just licensing fees and based on their financials and the only deal they seem to have on their books.
It would be great if the pr guy rich or otiko would actually answer shareholders questions and concerns so everyone could have a better understanding of what they are actually doing and sales in the pipeline.
International sales have been talked about for years now and nothing ever comes to fruition, just like them shipping tons of product out in March. Now we just get more crickets and BS PRs.
Old news. This was done years ago.
Try emailing Otiko at the wound pros.
cotiko@thewoundpros.com for answers about it and see what he has to say.
Don't hold your breathe. Everyones been waiting for years for one but only get continual BS from them.
Right on point. Forgot, weren't they supposed to up list VDRM too? How long ago was that? 1-2 years ago i think.
It's not ignorance. Its borderline fraud, if not outright fraud. IMO.
All that hard work over years? And what the hell have you actually produced otiko? Self dealing accounting swaps to his other company Wound Pros?
No overseas deals signed to date either. No march shipments. But now they are "hiring 3 sales reps"? GTHOH.
Exactly. Very fishy accounting practices overall with no transparency into business activities and constant BS PRs from the IR guy Richard Inza and Otiko.
IMO, I would not be surprised if they're being investigated already by the SEC. Years of producing nothing but BS PRs that try to hide behind a safe harbor clause.
Huge Dubai deal? Nothing. Nupelo? Nothing. Shipping 200,000 products to India and Egypt in March? Nothing.
Otiko claims Vitastem is the strongest topical antibiotic in the world. If that were the case, then you would think that every doctor and hospital in the US and around the world would be buying all of it up. So why are they not?
No they aren't if run legit. Vitastem is supposedly the strongest topical antibiotic in the world. If that's really the case, they should be selling MILLIONS of products yearly. They haven't done crap in years.
All these PRs for years never materialize. Then the doc and useless IR guy are silent for months.
Notice how they never talk about Nupelo, Dubai deals, India and all the other countries they were shipping to in March?
No inventory on their books either. Instead of being more transparent and answering shareholders questions and concerns, they just ignore you. It will likely take a class action lawsuit to uncover what is really going on at Viaderma. Hunch is its just BS.
It would be great if the IR guy would actually answer anything but instead they all hide behind their keyboards.
Doc is making childrens books now.
Nupelo update? India sales update? Egypt? Caribbean? Dubai? USA? NOTHING!
Big TBD. Did otiko replace Garrett Adams? He's been the President there for several years and doesn't seem to have ever closed one contract.
Still no mention about Nupelo either. Or ALL those 200,000+ vitastem shipments to India and all the other countries they put in PRs and tweets.
Thought they were already shipping internationally in March? Why are they not doing anything for US sales? Why do they have no sales at all still???